Mortgage and Financial News From 2007-12-5 Page 18

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  • Almunia doubts positive effect of interest rate cuts (Budapest Business Journal)

    European Commissioner for Economic and Monetary Affairs Joaquin Almunia expressed doubts Wednesday that interest rate cuts could be the key to solving the financial crisis currently afflicting the global economy.
    2007-12-05 07:13:27
  • Subprime mortgages could get five-year interest rate freeze (Tacoma News Tribune)

    Federal regulators and U.S. lenders are focusing on five years as the duration of an interest rate freeze on subprime mortgages, a person familiar with negotiations said Tuesday.
    2007-12-05 01:26:17
  • CAW’s Hargrove Urges Further Interest Rate Cuts (CAW)

    Canadian Auto Workers union President Buzz Hargrove welcomed the 25-basis-point interest rate reduction by the Bank of Canada, but warned that the Bank must quickly cut rates further to avoid an even more serious downturn in Canada’s export-oriented manufacturing industries.
    2007-12-05 06:31:20
  • Bank Of England Urged To Cut Interest Rate (Sky News via Yahoo! UK & Ireland Finance)

    There are growing calls for a cut in the interest rate this week.
    2007-12-05 06:01:00
  • EU Almunia: Doubts Interest Rate Cuts Can Solve Financial Crisis (Nasdaq)

    BRUSSELS -(Dow Jones)- Interest rate cuts are unlikely to be the key to solving the financial crisis currently shaking the global economy, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Wednesday.
    2007-12-05 06:46:05
  • Pressure builds on Bank for interest rate cut (Times Online Sunday)

    The Bank of England is facing growing pressure to announce a cut in the UK interest rate tomorrow after house prices in November suffered their worst monthly fall in nearly a year and pre-Christmas consumer confidence fell at its fastest pace since 2004.
    2007-12-05 08:24:51
  • Answer Desk: Should I sell my house now — or wait?

    MSNBC - ... new house, they ran into financial trouble and can’t afford their mortgage, or the ... One quick way to measure conditions in your neighborhood is to compare the current ... If a solution can be found to refinance those loans to fixed rates at levels ...
    2007-12-01 03:57:00
  • Transcript: Pearlstein: Credit Crisis

    Washington Post - Should we expect these spreads to get smaller by having the mortgage rates drop; get smaller because Treasuries rise; or to keep ... Boston: Can you compare the deals that Citigroup and Etrade struck recently? Which company was in the worse position in ...
    2007-12-05 09:41:00
  • U.S. Productivity Increases More Than Forecast (Update3)

    Bloomberg - Citigroup, the largest U.S. bank, is reviewing ways to cut costs as it grapples with mortgage writedowns that may lead to the first quarterly loss since at least 1998, spokeswoman Christina Pretto said Nov. 26. Executives at the bank ...
    2007-12-05 07:25:00
  • Senators weigh credit card legislation

    Los Angeles Times - You are here: LAT Home > Business News ... to monitor their customers' credit, Hammonds said, then they might end up in a situation similar to the sub-prime mortgage ...
    2007-12-05 08:22:00
  • FANNIE'S DIVI-DAY DISASTER

    New York Post - ... of $1.4 billion, while forecasting housing-market woes through next year because of mounting home-loan delinquencies. The action follows similar moves recently by Freddie Mac, its smaller government-sponsored rival in the $11 trillion home-mortgage ...
    2007-12-05 12:08:00
  • Worker productivity grows at highest rate in 4 years

    Los Angeles Times - You are here: LAT Home > Business News ... The Bush administration, seeking to limit the fallout from the housing bust, has been prodding the mortgage industry to freeze ...
    2007-12-05 09:12:00
  • Housing stocks bounce higher on positive employment, productivity data

    CNBC - Toll Brothers Inc. edged up 1.3 percent in moderate trading as investors wait for the luxury-home builder's quarterly results. Toll is expected to report its first-ever quarterly loss on Thursday before the market opens. Hovnanian Enterprises Inc ...
    2007-12-05 09:41:00
  • U.S. Stocks Rise, Led by Technology Shares; Intel, AIG Climb

    Bloomberg - Countrywide Financial Corp. led mortgage lenders higher on speculation the Treasury will reach an agreement to stem subprime defaults. American International Group Inc. jumped the most in three years after saying its investments linked to the housing ...
    2007-12-05 10:02:00
  • Moody's Says MBIA May Face Capital Shortfall (Update1)

    Bloomberg - Moody's said additional scrutiny of the Armonk, New York-based bond insurer's mortgage- backed securities portfolio caused it to revise its assessment. ``The guarantor is at greater risk of exhibiting a capital shortfall than previously ...
    2007-12-05 10:02:00